Nuveen Multi-Asset Income Fund (NYSE:NMAI) Short Interest Up 64.1% in July

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 178,200 shares, an increase of 64.1% from the July 15th total of 108,600 shares. Based on an average daily volume of 111,500 shares, the days-to-cover ratio is presently 1.6 days.

Nuveen Multi-Asset Income Fund Stock Up 0.9 %

Shares of NMAI stock opened at $13.02 on Wednesday. The firm’s 50 day moving average price is $12.61 and its two-hundred day moving average price is $12.31. Nuveen Multi-Asset Income Fund has a fifty-two week low of $10.60 and a fifty-two week high of $13.34.

Nuveen Multi-Asset Income Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.417 per share. The ex-dividend date was Friday, June 14th. This is an increase from Nuveen Multi-Asset Income Fund’s previous quarterly dividend of $0.40. This represents a $1.67 annualized dividend and a yield of 12.81%.

Hedge Funds Weigh In On Nuveen Multi-Asset Income Fund

A number of institutional investors have recently made changes to their positions in NMAI. Alpine Global Management LLC raised its stake in shares of Nuveen Multi-Asset Income Fund by 16.8% in the 1st quarter. Alpine Global Management LLC now owns 146,000 shares of the company’s stock valued at $1,816,000 after purchasing an additional 21,000 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Nuveen Multi-Asset Income Fund by 8.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 88,987 shares of the company’s stock valued at $1,095,000 after buying an additional 7,189 shares in the last quarter. Quarry LP bought a new position in Nuveen Multi-Asset Income Fund during the 4th quarter worth approximately $1,070,000. Blue Bell Private Wealth Management LLC grew its position in shares of Nuveen Multi-Asset Income Fund by 27.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 69,200 shares of the company’s stock worth $855,000 after acquiring an additional 15,002 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Nuveen Multi-Asset Income Fund by 1,057.5% in the 4th quarter. International Assets Investment Management LLC now owns 54,923 shares of the company’s stock worth $676,000 after acquiring an additional 50,178 shares in the last quarter.